Manulife Financial Corporation is moving forward on having an initial public offering of Manulife Asset Management’s real estate investment portfolio holdings. The mega Canadian insurer is taking orders from investors to raise up to US$ 450 million. The offering is being structured as a real estate investment trust (REIT). What is interesting is that the offering is being raised in Singapore – home to two giant sovereign wealth funds, GIC Private Limited and Temasek Holdings. [Content protected for Sovereign Wealth Fund Institute Standard subscribers only.Please subscribe to view content. ]

PSP Investments Exits Antelliq

On December 14th, Private equity firm BC Partners, Public Sector Pension Investment Board (PSP Investments), and other minority co-investors have signed a definitive agreement with Merck, known as MSD outside the United States and Canada, to sell Antelliq Corporation, a Vitré, France-based provider of digital animal identification, traceability, and monitoring solutions. Upon close, Antelliq will be a wholly owned and separately operated subsidiary within the Merck Animal Health Division. [Content protected for Sovereign Wealth Fund Institute Standard subscribers only.Please subscribe to view content. ]